limited liability patnership firm
This query is : Resolved
03 April 2010
can anybody tell me aboutlimited liability patnership firm. how this can be form and its advantages
03 April 2010
ADVANTAGES OF LLP:---
* Separate legal entity
* Easy to establish
* Flexibility without imposing detailed legal and procedural requirements
* Perpetual existence irrespective of changes in partners
* Internationally renowned form of business in comparison to Company
* No requirement of minimum capital contribution
* No restrictions as to maximum number of partners.
* LLP & its partners are distinct from each other
* Partners are not liable for Act of other partners.
* Personal assets of the partners are not exposed except in case of fraud.
* Easy to dissolve or wind-up
* Professionals like CS / CA / CWA / Lawyers can form Multi-disciplinary Professional LLP
* No requirement to maintain statutory records except Books of Accounts
* Less Cost of formation (Compared to a company)
FOR ANY FURTHER INFO PLEASE VISIT:--
http://www.llp.gov.in/
* Separate legal entity
* Easy to establish
* Flexibility without imposing detailed legal and procedural requirements
* Perpetual existence irrespective of changes in partners
* Internationally renowned form of business in comparison to Company
* No requirement of minimum capital contribution
* No restrictions as to maximum number of partners.
* LLP & its partners are distinct from each other
* Partners are not liable for Act of other partners.
* Personal assets of the partners are not exposed except in case of fraud.
* Easy to dissolve or wind-up
* Professionals like CS / CA / CWA / Lawyers can form Multi-disciplinary Professional LLP
* No requirement to maintain statutory records except Books of Accounts
* Less Cost of formation (Compared to a company)
FOR ANY FURTHER INFO PLEASE VISIT:--
http://www.llp.gov.in/
03 April 2010
Well Explained.
You can also visit site > www.llponline.in
You can also visit site > www.llponline.in
03 April 2010
THANKS RAHUL JI.
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